Answer / samrat chatterjee

yes u can, bcoz cost center has to assign with profit
centers.

Answer / vivek

Suppose if you you select in filed status group as "Cost
Center" and checked profit center as a required field.Then
definately we need to create profit center first before
creating cost center.

Answer / k.l.paliwal

Cost Center is real object whereas Profit Center is Statistical object. Hence Profit Center is required to assign while creating Cost Center which ensure all postings flows into Profit Centers. For correct financial reporting at Profit Center Level, we need to create Profit center before creation of Cost center.

Answer / david y

no, you do not have to. If you do not need PCA, can even
leave it.

Answer / mangaiah

first of all we create cost centers , after that we create
profit centers

after creation of profit centers ,
profit centers assign in cost centers transaction code is KS02

Hi all.... Please explain to me... what G/L account should I maintain / create If I want to do the intercompany transfer asset - no revenue. and if I want to do the intercompany transfer asset - Net Book Value. What is the different between this 2 method. My company's requirement is ... 1. Transfering the asset on company A to company B, example Asset 1 - acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated depreciation till 31.12.2007 : 10 so the net book value is 90, useful life 4 years the company wants to transfer this asset in company B. is it possible to transfer all the data just like I explain above : acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated dep = 10

0 Answers   ACC,

I have a company ABCD. under that i created three company codes using same fiscal year (April- March) and same chart of accounts. Three companies are located in different countries. One of the country located in USA. So i need to draw financial statements in USA for the period Jan- Dec. So anyone can explain how to draw financial statements respective period.

5 Answers   IBM,

How accrual calculation can be performed in the system? : cost center accounting

0 Answers  

What exactly posting key is in fico and what is its significance?

0 Answers  

If I forget which business area I have coded for the company then how to check it out? I mean while looking at all business area how can we come to know that which business area is for which company. please help me

5 Answers  

WHAT THE SYSTEM NEEDS TO USE E-BANK STATEMENT?WHAT R THE STEPS FOR IMPLEMENTING E-BANK STATEMENT?

1 Answers   TCS,

What is meant by payment advice, in terms of automatic payment program? Is the payment advice sent to the vendor or the bank. If any of guys can give me brief description as to what is the signifance of payemnt advice in APP, It would be of great help

4 Answers  

How many charts of accounts can a company code have?

0 Answers  

WHAT IS THE DIFFERENCE BETWEEN NEW GL AND CLASSIC GL?

1 Answers   IBM,

Hi, i heard that indian banks will not support electronic bank statement. If it is right, in lock box procedure every bank should send the statement in an electronic file right? How will they manage it?

0 Answers  

What is ment by NOTED ITEMS.plz any 1 explain me

5 Answers   SAT InfoTech,

Why do we create profit centers? What are the key components of profit center? : cost center accounting

0 Answers